Upgrade and Save: Get 10% OFF on CAclubindia Pro Subscription! Use Code: SAVE10 Subscribe Now!

VAT - PL HELP!

Rekha (MANAGER - FINANCE & ACCOUNTS) (1445 Points)

19 February 2010

Hi frnds,

I am a proprietor carrying business of sale and service of computers. the VAT Regn is being done under my mothers name. filed returns . now i want to change it and carry on the business by registering in my name with the same VAT No..

is it possible to do so ?? or i ve to surrender this reg and apply for new one under my name.?? pl reply

Reply
Follow
Share

7 Replies

abhishek (Internal Auditor) (181 Points)
Replied 20 February 2010

i think u has to transfer business on your name ..

and vat registration certificate will be amended to your name

without business transfer it is not possible..

Upgrade to CAclubindia Pro. Subscribe Now!

Ameet (L) (1678 Points)
Replied 20 February 2010

Yes, u can continue business, no need to surrender reg no. Just make simple application

abhishek (Internal Auditor) (181 Points)
Replied 20 February 2010

you are right ameet..

but rekha wants vat Rc his own name,so i have given suggestion..

thanks...

RAJU (LEARNER) (1089 Points)
Replied 20 February 2010

Hi,

As far as Karnataka is concerned, there is no provision to change the transfer of ownership. You need to Apply and obtain new registration in your name. Thereafter, you can sell the existing business (which is in your mother's name) to your business. Once the business is sold as a whole, your mother's registration can be surrendered.

Regards

Dharmaraju